Page 3 - Indigo Crisis

IndiGo promoter feud: Rahul Bhatia seeks arbitration against Rakesh Gangwal

In a filing to the stock exchanges on Tuesday, InterGlobe Aviation said the two entities have submitted a request for arbitration on October 1 to the London Court of International Arbitration

Strong winds force IndiGo to cut seating capacity on Delhi-Istanbul route

The carrier is blocking 29 out of 185 seats in its A320 planes, and 49 out of 222 seats in the A321 models

When both yin & yang play truant

All is not well at the country's largest private airline

IndiGo crisis: My independence never questioned before, says M Damodaran

The independence of the board doesn't depend on numbers, says M Damodaran

Rakesh Gangwal skips IndiGo AGM, Rahul Bhatia says 'main hoon na'

At Tuesday's AGM, neither Gangwal nor independent director Anupam Khanna were present. Both had raised questions about the company's corporate governance

Hope Gangwal's action speak louder than words: Rahul Bhatia at IndiGo AGM

Bhatia's comments come at a time co-founder Gangwal started a website earlier this month to issue his statements

Trust deficit prevails in the board, says IndiGo's independent director

In his mail to the former Sebi chairman, Khanna also questioned Damodaran's call for meetings of the board

IndiGo dips 5% as Gangwal alleges 'loophole' in proposed board structure

In the letter, Gangwal has alleged that "the proposed (new) board structure created a large loophole that gives the IGE Group additional powers that they don't have today."

IndiGo chairman brokers truce between Gangwal and Bhatia: Reports

The board of InterGlobe Aviation has approved a new policy on related party transactions

Proxy advisor pulls up IndiGo promoters for poor board meeting attendance

While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board

Bhatia vs Gangwal: IndiGo headed for a stormy board meet on Friday

Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse

IndiGo promoter spat: Bhatia group says Gangwal limited his financial risks

Noting that Gangwal has much to answer, the Bhatia group wondered whether there is sanctity in agreements entered into by business people freely and at their own will

How IndiGo board can resolve Rakesh Gangwal-Rahul Bhatia dispute

Experts put the onus on the InterGlobe board to help resolve the Gangwal-Bhatia dispute over governance, control

Sebi likely to summon board members, executives in IndiGo promoters' tussle

An official said the corporate affairs ministry would be seeking a "para-wise comments" from the company on Gangwal's complaint and would also be looking at the related party transactions

IndiGo turbulence: Street cautions investors against checking in

The spat between promoters could see the stock drop further before it stabilises, said analysts

IndiGo says 30 flights to be cancelled daily, denies 130 called off Friday

IndiGo's statement came a day after media reports said the airline would cancel 130 flights on Friday

More trouble for IndiGo as ATR on maiden flight returns to French facility

A brand new Pratt & Whitney engine-powered ATR aircraft of IndiGo's maiden flight from Toulouse to New Delhi was aborted and had to return to the French facility due to low oil pressure. The IndiGo ATR 72-600 aircraft on its maiden flight yesterday from its Toulouse headquarters to the New Delhi hub of IndiGo had no revenue passengers onboard. Confirming the development, the airline in a statement said, "IndiGo ATR 72-600 while being ferried from Toulouse to India, with no revenue passengers onboard, returned to Toulouse for technical reasons. The aircraft will conduct checks and take actions as required as is the usual practise while delivering new airplanes." Though the airline did not specify what the technical glitch was, sources said this problem was low oil pressure. Currently Indigo has four ATRs in the fleet beside the 152 Airbus A320 planes, including 32 A320 Neos. Early last year, the airline had signed a term sheet for buying 50 of these 70-seater planes. .

Don't teach me how to run my airport: DIAL tells IndiGo in HC

Justice A K Chawla, after hearing the arguments of IndiGo, DIAL and the Central government, reserved the order on IndiGo's pleas

IndiGo battles an image crisis: Can airline navigate brand out of trouble?

As passenger ire continues to boil over, can the airline navigate its brand out of trouble?